Did the Governor of NJ really say this?

[onefast99]

The action is yet another step in a lengthy process that began last year. Christie had ordered the NJSEA to get out of the horse racing business while at the same time denying the racing industry any financial assistance from the state or Atlantic City casino industry.

In deals finalized this spring, Morris Bailey agreed to lease Monmouth, while Jeff Gural assumed control of Meadowlands.

“My goal has always been to ensure a financially sound and independent future for New Jersey’s storied horse racing legacy,” Christie said Aug. 5. “With the legislation I am signing today, we are taking the critical next step toward securing an independent and self-sustaining horse racing industry in the Garden State—one that no longer depends upon casino subsidies for its survival.

“We are also saving the state’s beleaguered taxpayers tens of millions of dollars in annual operational subsidies at both venues.”



You are giving Atlantic City monies from the taxpayers by allowing their businesses to operate without paying their fair share of the tax burden, that if given to every other business in the state would bankrupt it in less than three years. Once again you sided with those who have proven they cannot run their own casinos if not for the generosity of the Governor.

[sonnyp]

a/c is a pigstye that will never e revived with the competition it now has all around it. add nyra slots and gov cuomo talking non-indian casinos in the catskills to the mix and how much more desperate does a/c's situation become ?

this guy is clearly in bed with a/c over the horses, and wouldn't even make the effort to appear at the hamletonian last saturday. he knows where he stands with those involved with the horses.

there seems to be some "implied" promises in the meadowlands and monmouth deals which have been suspected since the beginning. only time will tell.

Link: http://viewfromthegrandstand.blogspot.com/2011/08/secret-is-out.html

[lamboguy]

i will be at the saratoga buying new york breds this weekend if anyone needs some help

[Canarsie]

I still don't understand why he didn't sell them it never has been explained till this day.

[Robert Goren]

I thought the selling of the NJ race tracks was suppose to done by now. Anyway what the posters defending NJ racing were saying this spring. I guess maybe the buyers are having second thoughts. I now have my doubts that these race tracks will ever be sold.

[onefast99]

I thought the selling of the NJ race tracks was suppose to done by now. Anyway what the posters defending NJ racing were saying this spring. I guess maybe the buyers are having second thoughts. I now have my doubts that these race tracks will ever be sold.
As discussed earlier in the year the deal is for a 5 year lease with re-newals. The purchase of the properties or venues that sit on those properties was and never will be a part of the deal due to the value of the Meadowlands property.

[Robert Goren]

Actually selling is not the right word here. It is a matter of what the state of NJ will have to do in order for the buyers take them of their hands. Quite literally, NJ can't give them a way.

[Canarsie]

Actually selling is not the right word here. It is a matter of what the state of NJ will have to do in order for the buyers take them of their hands. Quite literally, NJ can't give them a way.

You don't know how anything works in NJ. You told me to get a new ADW if mine won't let me cancel bets over $500. Learn how the state operates before being a know it all about the state I live in.

[Robert Goren]

As discussed earlier in the year the deal is for a 5 year lease with re-newals. The purchase of the properties or venues that sit on those properties was and never will be a part of the deal due to the value of the Meadowlands property.That not the way it portrayed here, But I will take your word on Meadowlands. Now what about Monmouth?

[onefast99]

That not the way it portrayed here, But I will take your word on Meadowlands. Now what about Monmouth?
The land or venue isn't part of the deal, it is a lease deal only, just as if you leased a storefront that is it in a nutshell. MP is the same exact deal as the Gural deal at the Meadowlands, some speculate Mr Gural will get slots at that track eventually and they may be right but not under the present Governor.

[Canarsie]

The land or venue isn't part of the deal, it is a lease deal only, just as if you leased a storefront that is it in a nutshell. MP is the same exact deal as the Gural deal at the Meadowlands, some speculate Mr Gural will get slots at that track eventually and they may be right but not under the present Governor.


Actually the land at Monmouth if zoned residential would probably be worth much more than the Meadowlands for business. Am I off base? Won't be the last time I'm wrong. :lol:

[onefast99]

[QUOTE=Canarsie]Actually the land at Monmouth if zoned residential would probably be worth much more than the Meadowlands for business. Am I off base? Won't be the last time I'm wrong. :lol:[/QUOTE
Some of the MP land is protected by the state.

[Robert Goren]

Leasing or selling, in either case the new people don't exactly seem to be in any hurry to take them over.

[Canarsie]

Leasing or selling, in either case the new people don't exactly seem to be in any hurry to take them over.


Maybe because the governor only signed the bill 4 DAYS AGO?


http://www.northjersey.com/sports/Christie_signs_horse-racing_privatization_bill.html

[onefast99]

Leasing or selling, in either case the new people don't exactly seem to be in any hurry to take them over.
The reason for that was the late decision by the Governor to lease the tracks and the NJSEA had to put a RFP together. Based on the fact Bailey got MP and Gural got the Meadowlands I would say that it went pretty quickly.

[Robert Goren]

Maybe because the governor only signed the bill 4 DAYS AGO?


http://www.northjersey.com/sports/Christie_signs_horse-racing_privatization_bill.html I thought Bailey was suppose take over on May 15, then it was June first and now we are in to August and still no deal. This is beginning to look more and more like it is nothing more than a scam to get in another year of racing in NJ with the taxpayers having foot the bill for any losses again.

[Robert Goren]

You don't know how anything works in NJ. You told me to get a new ADW if mine won't let me cancel bets over $500. Learn how the state operates before being a know it all about the state I live in. You are right I have no idea how NJBets works except that if you in NJ you have to use them. If my ADW didn't allow me to cancel a bet over $500, I would not be making bets of over $500 there. For the record I do not ever bet anything close to $500 these days, but it seems to me it is pure folly to wager that kind of money and not be able to cancel it when you see something you don't like after making that bet. But it is your money.

[onefast99]

I thought Bailey was suppose take over on May 15, then it was June first and now we are in to August and still no deal. This is beginning to look more and more like it is nothing more than a scam to get in another year of racing in NJ with the taxpayers having foot the bill for any losses again.
No where was it ever written that the person who was approved to take over the track had to be up an running by may 15th. The process became drawn out, licenses had to be approved and once the transition from the NJSEA to Bailey took place there were still small issues that had to be resolved. Bailey now has the track and he will do his best to assure it is run smoothly while chopping away at the wasteful spending that has been going on there for many years.


Morris Bailey reaches agreement to take over Monmouth Park

http://www.nj.com/horse-racing/index.ssf/2011/06/morris_bailey_reaches_agreement_to_take_over_monmo uth_park.html

[Robert Goren]

No where was it ever written that the person who was approved to take over the track had to be up an running by may 15th. The process became drawn out, licenses had to be approved and once the transition from the NJSEA to Bailey took place there were still small issues that had to be resolved. Bailey now has the track and he will do his best to assure it is run smoothly while chopping away at the wasteful spending that has been going on there for many years.


Morris Bailey reaches agreement to take over Monmouth Park

http://www.nj.com/horse-racing/index.ssf/2011/06/morris_bailey_reaches_agreement_to_take_over_monmo uth_park.html (http://www.nj.com/horse-racing/index.ssf/2011/06/morris_bailey_reaches_agreement_to_take_over_monmo uth_park.html[/QUOTE) Nice story, but when they actually assume the financial risk with running those two tracks. The May 15 and June 1 dates were posted on this board in several threads last spring and not by me.

[Canarsie]

[/url] Nice story, but when they actually assume the financial risk with running those two tracks. The May 15 and June 1 dates were posted on this board in several threads last spring and not by me.

Read this instead of trying to weasel your way out of this one. Actually since you don't like getting all the facts the last sentence will do fine.

http://casinoconnectionac.com/issue/vol-8-no-6-june-2011/article/new-jersey-horseracing-back-on-track

[onefast99]

[/url] Nice story, but when they actually assume the financial risk with running those two tracks. The May 15 and June 1 dates were posted on this board in several threads last spring and not by me.
June 1st was the day he was to be handed the keys to the place along with the payroll. Actually that day did pass and he was given control just about a month ago. I don't understand your concern with deadlines coming and going in this type of take-over there is plenty of flexibility between the parties and no one wants to see the new leasee stumble out of the gate.

[affirmedny]

I still don't understand why he didn't sell them it never has been explained till this day.

It kind of has, the company that put up the money for the Gural deal employs none other than Mrs. Christie. That's why there was no RFP and no bidding.

[smokinjoe@bp]

i will be at the saratoga buying new york breds this weekend if anyone needs some help

would you like to buy some 2yr old louisiana breds?